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Answers (12)
Best Answer
- Martin Farris, CFP, "Dream Home Funding"
- Contributions:789
Depends on the lender. I typically get them done in 3-4 weeks.
- Leanne Poole
- Contributions:14
It depends on the lender. With a larger bank typical turn time is 45 days and with a smaller lender 30 days is a reaonable expectation. Smaller lenders usually have the capability to close much sooner than 30 days if needed.
- Daniel Bowman, "DanielBowman"
- Contributions:21
A "smooth" transaction will take 3-4 weeks. Most delays occur around verifying income. So if you are a W2 wage earner and your taxes support your income - things normally go smooth.
If you're business for self or have a creative tax adviser then expect the underwriter to slow things down by asking for additional income verification.
If you're business for self or have a creative tax adviser then expect the underwriter to slow things down by asking for additional income verification.
- Joshua Walters, "waltersjoshua"
- Contributions:10
Mine lender recommended we schedule closing 35 days out, and seemed pretty intent on having it done within 30 days so we would have 5 days of "breathing room". We havent closed yet, so that will remain to be seen.
- Carlos Lopez, "AZCarlos"
- Contributions:554
30-45 days is typical.
- Sonny Amlani, "libertymtg"
- Contributions:25
21- 30 days
- David Stein, "Military Loan Expert"
- Contributions:315
30 days is normal
- Norm D Plume, "America Needs Nixon!"
- Contributions:1670
In New York it is generally 5-6 weeks.
uh huh; 30 days for the lender, another couple of weeks while everyone waits for the attorneys to get their egos in check and agree to close.
uh huh; 30 days for the lender, another couple of weeks while everyone waits for the attorneys to get their egos in check and agree to close.
- Scott & Marla Wynn, "WynnTeam"
- Contributions:79
Your real estate agent should work with your lender to determine when a realistic closing date is. A conservative estimate from contract to close is 6 weeks, but 4-5 weeks is probably more typical.
If there are inspection resolution issues that delay ordering the appraisal it can potentially take a bit longer.
The best advice I can give is to echo Chris Milker. Ask your loan officer how long it will take to close your loan. This should be a conversation your loan officer is having with your real estate agent, anyway.
If there are inspection resolution issues that delay ordering the appraisal it can potentially take a bit longer.
The best advice I can give is to echo Chris Milker. Ask your loan officer how long it will take to close your loan. This should be a conversation your loan officer is having with your real estate agent, anyway.
- Andrew Adams, "203K Specialist"
- Contributions:9349
30-45 days is a typical.
- Chris Milker, "CMG Financial"
- Contributions:255
Depending on the lender and type of transaction (refinance or purchase) it should take no longer than 30 days, but I would ask your loan officer what the normal time frame is with his or her company to complete a transaction.
- Sharon Kopcza, "sharonkopcza"
- Contributions:22
In New York it is generally 5-6 weeks.
What is the time period from beginning to closing an FHA loan?
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